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Arsenal's Arteta charged by FA over referee criticism
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +1 min
Nov 16 (Reuters) - Arsenal manager Mikel Arteta has been charged by the Football Association (FA) for comments that were insulting towards match officials, English soccer's governing body said on Thursday. Arteta had branded the decision not to rule out Anthony Gordon's goal in Arsenal's 1-0 defeat to Newcastle United on Nov. 4 as an embarrassment and a disgrace, after the goal stood following a triple VAR assessment. "Mikel Arteta has been charged with a breach of FA Rule E3.1 following comments that he made in media interviews after Arsenal's Premier League game against Newcastle United on Saturday 4 November," the FA statement said. "It's alleged that his comments constitute misconduct as they are insulting towards match officials and/or detrimental to the game and/or bring the game into disrepute." Arteta now has until Nov. 21 to provide a response to the charge.
Persons: Mikel Arteta, Arteta, Anthony Gordon's, It's, Trevor Stynes, Julien Pretot Organizations: Arsenal, Football Association, Newcastle United, Arsenal's Premier League, Thomson Locations: Arsenal's
[1/3] Boxing - Tyson Fury v Oleksandr Usyk - Press Conference - HERE at Outernet, London, Britain - November 16, 2023 Tyson Fury during the press conference Action Images via Reuters/Andrew Couldridge Acquire Licensing RightsLONDON, England, Nov 16 (Reuters) - Tyson Fury and Oleksandr Usyk will fight for the undisputed heavyweight championship of the world in Riyadh on Feb. 17, organisers announced on Thursday. Britain's Fury is the WBC world champion while Ukrainian Usyk holds the WBA, WBO, IBF and IBO belts. Heavyweight boxing's last undisputed world champion was Britain's Lennox Lewis in 1999, but this time, four belts are up for grabs for the first time. After the announcement, a tense confrontation occurred between the boxers during a press conference, resulting in their eventual separation. "You're welcome to be sharing a ring with the future undisputed heavyweight champion - me," the 35-year-old Fury said.
Persons: Tyson Fury, Oleksandr Usyk, Andrew Couldridge, Britain's, Ukrainian Usyk, Francis Ngannou, Britain's Lennox Lewis, Fury, Tyson, Usyk, Alan Baldwin, Tommy Lund, Julien Pretot Organizations: Press, WBC, Ukrainian, WBA, WBO, IBF, IBO, UFC, Fury, Thomson Locations: Outernet, London, Britain, England, Riyadh, Saudi Arabia
KOLKATA, Nov 16 (Reuters) - South Africa coach Rob Walter is "incredibly proud" of the team's fight despite their semi-final loss against Australia at the 50-overs World Cup and does not think the "choker" tag applies to them. South Africa could not progress beyond the last four of the showpiece event again but they played impressive cricket to finish the group stage as the second-placed team. While a combination of bad luck and nerves stymied them in previous World Cups, South Africa fought tooth and nail this time defending a small total before Australia eked out a narrow three-wicket win. Australia got off to a flyer but South Africa kept taking wickets regularly to inject fresh drama into the contest and their lion-hearted bowlers simply refused to throw in the towel. For me, a choke is losing a game that you're in a position to win," the coach said.
Persons: Rob Walter, Walter, Kagiso Rabada, Temba Bavuma, Amlan Chakraborty, Julien Pretot Organizations: Australia, Thomson Locations: KOLKATA, South Africa, Thursday's, Eden, Australia, Africa, Kolkata
McIlroy tee shot lands on spectator's lap in Dubai
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +1 min
McIlroy playfully pretended to take his next shot off her lap amid laughter before he called for the referee, who himself could not contain a smile as he took in the Northern Irishman's predicament while the woman stood absolutely still. loading"You can pass him the ball," the referee said as the relieved woman quickly picked up the ball and handed it to McIlroy. McIlroy also found the wooden bridge on the 18th, bizarrely the second player to do so after Viktor Hovland's shot on the 17th landed on the rickety structure. Nicolai Hojgaard, Julien Guerrier and Matthieu Pavon shared a three-way lead after they shot 67 for five-under par. Reporting by Rohith Nair in Bengaluru; Editing by Julien PretotOur Standards: The Thomson Reuters Trust Principles.
Persons: Ryder, Marco Simone Golf, Rory McIlroy, Carl Recine, teed, McIlroy, Viktor Hovland's, Nicolai Hojgaard, Julien Guerrier, Matthieu Pavon, Rohith Nair, Julien Pretot Organizations: Country Club, REUTERS, Jumeirah Golf Estates, Thomson Locations: Rome, Italy, Dubai, Bengaluru
Ronaldo scores as Portugal beat Liechtenstein 2-0
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +1 min
Nov 16 (Reuters) - Cristiano Ronaldo found the back of the net to help Portugal beat Liechtenstein 2-0 in Group J clash on Thursday as the 38-year-old tied Belgium's Romelu Lukaku as the Euro 2024 qualifying campaign's top scorer. With their spot for the finals already secured, Portugal are on top of their group on 27 points, eight ahead of second-placed Slovakia. Liechtenstein are bottom with no points after nine games. Ronaldo extended his lead as the all-time top scorer in international soccer by moving up to 128 goals in 204 matches. Joao Cancelo extended their lead in the 56th minute, taking advantage of a blunder by goalkeeper Benjamin Buechel, who was out of position, to striked into the empty net.
Persons: Cristiano Ronaldo, Lukaku, Roberto Martinez, Diogo Jota's, Ronaldo, Joao Cancelo, Benjamin Buechel, Fernando Kallas, Julien Pretot Organizations: Portugal, Liechtenstein, Thomson Locations: Portugal, Slovakia, Liechtenstein, striked
[1/2] Jeremy Allen White attends the 29th Screen Actors Guild Awards at the Fairmont Century Plaza Hotel in Los Angeles, California, U.S., February 26, 2023. REUTERS/Aude Guerrucci/File Photo Acquire Licensing RightsLONDON, Nov 15 (Reuters) - Movie, music, fashion and sports stars came together at London's Royal Opera House on Wednesday to raise a toast for the 2023 GQ Men of the Year honourees. Guests at the glitzy gala dinner, organised by the men's fashion and style magazine, celebrated the achievements of this year’s cover stars, actors Jeremy Allen White, Andrew Scott, Ncuti Gatwa and musical trio Boygenius. "The Bear" star White, fresh off from premiering his new A24 wrestling biopic "The Iron Claw" in Dallas, Texas, said being honored was taking some getting used to. White and his "The Bear" co-star Ebon Moss-Bachrach said Season 3 of the series would start filming next year but remained tight-lipped on details.
Persons: Jeremy Allen White, Andrew Scott, Ncuti Gatwa, Phoebe Bridgers, Lucy Dacus, Julien Baker, jetted, I'd, , Ebon Moss, Bachrach, Moss, Scott, Vanya, I'm, Molly Manning Walker, Jack Antonoff, Mary Earps, Hanna Rantala, Diane Craft Organizations: REUTERS, London's Royal Opera House, Thomson Locations: Los Angeles , California, U.S, ., London, Dallas , Texas, London's, England
Solar stocks could rebound in the second half of 2024 after taking a beating this year, though the industry's recovery depends largely on whether the Federal Reserve raises interest rates again. The rally comes as the residential solar industry looks toward the end of a rough year, with demand softening significantly as repeated rate hikes made installations unattractive for consumers. "The big headwind is interest rates," said Julien Dumoulin-Smith, a stock analyst who covers clean energy for Bank of America. Inventory problem The residential solar companies misread the market this year after a record 2022. The residential solar stocks will probably be broadly revisited on the buyside sometime around the spring of 2024, Blanchard said, though this also depends on what the Federal Reserve does with interest rates.
Persons: SolarEdge, Julien Dumoulin, Smith, we're, Corinne Blanchard, Blanchard, Wood Mackenzie, Jerome Powell, Goldman Sachs, James West, orderbook, West Organizations: Federal Reserve, Treasury, Bank of America, Deutsche Bank, Federal, Golden State, Utilities, Evercore ISI Locations: Dumoulin, California, Golden
London CNN —UK inflation plunged to its lowest level in two years in October, allowing Prime Minister Rishi Sunak to declare victory on his pledge to halve the rate of price increases this year. Services inflation fell but remained high, at 6.6%. “The UK economy is still very much facing stagflation and, in our view, the road ahead will likely continue to be bumpy,” said Julien Lafargue, chief market strategist at Barclays Private Bank. Stagflation refers to a toxic mix of high inflation and low, or no, economic growth. There is also evidence that higher interest rates are placing an increasing strain on the economy.
Persons: Rishi Sunak, , ” Sunak, Gary Smith, GMB, , Andrew Bailey, Alex Veitch, Sunak’s, , Julien Lafargue, ” Ewan Mackay, Jeremy Hunt, Veitch Organizations: London CNN —, National Statistics, Bank of England, Chambers of Commerce, , Barclays Private Bank, NatWest, Accenture, P, British Chambers of Commerce Locations: United Kingdom, Ireland, British
Annual consumer price inflation plunged to a lower-than-expected 4.6% in October from 6.7% in September, official data showed on Wednesday. The Bank of England's forecasts and the consensus from a Reuters poll of economists had pointed to a reading of 4.8%. Sterling fell slightly against the dollar after publication of the data, which showed key inflation measures watched closely by the BoE also falling by more than expected. Investors added to their bets on BoE rate cuts next year with three 25-basis-point reductions in Bank Rate fully priced in by December 2024, and a first cut fully priced for June. Reporting by Andy Bruce and David Milliken, editing by William James and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Rishi Sunak, Sterling, BoE, Julien Lafargue, Sunak, Huw Pill, Hugh Gimber, Andy Bruce, David Milliken, William James, Bernadette Baum Organizations: Bank of England, of, ONS, Barclays Private Bank, Conservative Party, U.S ., Morgan Asset Management, Thomson Locations: Britain, Italy
Wednesday's batch of analyst research included bullish calls on a credit card giant and a sports betting name. The firm downgraded the pharmaceutical stock to neutral from overweight and lowered its price target to $55 per share from $68. The bank downgraded the Canadian Solar to underweight from neutral in a Wednesday note and lowered its price target to $22 per share from $32. The analyst noted that the guidance given confirms his bull case for the stock, which consists of a $70 price target. The bank initiated coverage of the credit card giant with an overweight rating and a $184 per share price target — which implies more than 17% upside from Tuesday's close.
Persons: Morgan Stanley, Guggenheim, John DiFucci, there's, Brian Evans, Cantor Fitzgerald downgrades, Myers Squibb Cantor Fitzgerald, We've, Olivia Brayer, Myers Squibb, — Brian Evans, Julien Dumoulin, Smith, Wells, Omar Mejias, Mark Strouse, DraftKings, Stephen Grambling, Grambling, Fred Imbert, millennials, Z, Gen, Terry Ma Organizations: CNBC, Barclays, American Express, Guggenheim, FactSet, Myers Squibb, Bank of America, Wells Fargo, Warner Music Group, accel, JPMorgan, American Locations: Bristol, Generac, Europe, CSIQ
Paris 2024 calls for vigilance amid disinformation campaign
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +2 min
The logo of the Paris 2024 Olympics and Paralympics Games is seen on an official toy mascot at the Doudou et Compagnie factory in La Guerche-de-Bretagne near Rennes in Brittany, France, April 12, 2023. "Between now and the Games, Paris 2024 will continue to monitor, in conjunction with the relevant authorities, the veracity of information circulating about the event and its organisation," Paris 2024 said in a statement on Tuesday. Ties between Paris and Baku have been strained in recent months and have worsened since Baku took control of the Nagorno-Karabah region. Paris 2024 said it was not the first time such campaigns had been aimed at the Games. In summer 2022, a video from New York Insider linking the June riots to the organisation of Paris 2024 went viral, it said.
Persons: Stephane Mahe, VIGINUM, Julien Pretot, John Irish, Angus MacSwan Organizations: Paralympics, Compagnie, REUTERS, Games, New, Paris, Thomson Locations: La Guerche, Bretagne, Rennes, Brittany, France, Azerbaijan, Paris, Baku, Karabah, New York
Parisians lose enthusiasm ahead of Summer Olympics - poll
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +1 min
The logo of the Paris 2024 Olympics and Paralympics Games is seen on the Pulse building, the headquarters of the Paris 2024 Olympics organizing committee, as a police search is currently underway, in Saint-Denis near Paris, France, June 20, 2023. Some 44% of Paris region residents expressed a negative opinion while 65% of French residents said having the Olympics in Paris from July 26-Aug. 11 was a 'good thing', the Odoxa poll for Winamax and RTL showed. Some 1,207 Paris region residents, and 1,005 French residents were polled. Two years ago, only 22% of Parisians had a negative opinion of the Paris Olympics while more than half of them are now considering leaving the region for the duration of the event. By contrast, 64% of Parisians are confident that the opening ceremony on the Seine river will be a success.
Persons: Denis, Stephanie Lecocq, Julien Pretot, Christina Fincher Organizations: Paralympics, REUTERS, Rights, Winamax, RTL, Paris, Thomson Locations: Saint, Paris, France
Nov 10 (Reuters) - Versatile recording artist SZA led this year's Grammy Award nominations with nine, coming in ahead of industry heavyweights Taylor Swift, Miley Cyrus and Billie Eilish, in a year made for women artists and the movie blockbuster "Barbie." Victoria Monét followed closely behind SZA with seven nominations including best new artist and record of the year and best R&B song for "On My Mama." Rodrigo took six nominations, with her hit "vampire" getting nominated for record of the year, song of the year and best pop solo performance. Consistent with the girl power theme of this year's nominations, the motion picture "Barbie," directed by Greta Gerwig, captured four of the five nominations for best song written for visual media category. She is also tied with her husband, rapper Jay-Z, with the most career nominations with 88.
Persons: SZA, Taylor Swift, Miley Cyrus, Billie Eilish, Solána Imani Rowe, snagged, Quentin Tarantino, Swift, Cyrus, Jon Batiste, Lana Del Rey, Janelle Monáe, Olivia Rodrigo, Victoria Monét, Phoebe Bridgers, Julien Baker, Lucy Dacus, Rodrigo, Brandy Clark, Eilish, Travis Kelce, Greta Gerwig, Ryan Gosling's, Ken, Beyoncé, Jay, Daniel Trotta, Gerry Doyle Organizations: Sunday, Thomson Locations: boygenius, Los Angeles
Torch relay to start from Games hometown in Britain
  + stars: | 2023-11-10 | by ( Julien Pretot | ) www.reuters.com   time to read: +1 min
"We wanted it to kick off where the Paralympics were born," Paris 2024 president Tony Estanguet told a press conference. The torch will then be carried by 24 British athletes and midway through the Channel Tunnel 24 French athletes will take over for the journey to Calais. Eleven other flames will then be lit in France and all will converge on Paris for the Aug. 28 Games opening ceremony. German-born Guttmann became a British citizen in 1945 and organised the first Stoke Mandeville Games for disabled war veterans three years later. All participants in what Guttmann called the "Paraplegic Games" were suffering from spinal cord injuries and competed in wheelchairs.
Persons: Denis, Mathieu Lehanneur, Pascal, Ludwig Guttmann, Tony Estanguet, Guttmann, Julien Pretot, Ken Ferris Organizations: Press, Paris, Rights, Stoke, Stoke Mandeville Games, Concorde, Thomson Locations: France, Stoke Mandeville, Britain, Paris, Calais, British
Friday's early calls include an upgrade to a restaurant software stock and a big downgrade to a solar name. The bank downgraded Unity stock to neutral from outperform, also slashing its target price to $20 from $55. Analyst Doug Anmuth's updated price target of $510 could mean that there's still 17% room for the stock to go. Analyst Jonathan Block's price target of $70 signifies a 13% upside from the stock's Thursday closing price of $62.16. Koning has a price target of $18 per share, implying upside of nearly 30% over the next 12 months.
Persons: Baird, Tim Nollen, Lisa Kailai Han, Carlo Santarelli, — Lisa Kailai Han, JPMorgan downgrades, Drew Chamberlain, Doug Anmuth's, Anmuth, NFLX, Henry Schein, Jonathan, Freyr, BTIG, Gregory Lewis, FREY, Lewis, Stephens, Joshua Long . Long, Long, Portillo's, Mgmt, Chris Dendrinos, Dendrinos, Baird Baird, David Koning, Koning, — Fred Imbert, Julien Dumoulin, Smith, Fred Imbert Organizations: CNBC, Bank of America, Macquarie, Unity, Wynn Resorts, Deutsche Bank, JPMorgan, JPMorgan downgrades Enviva, Netflix, FR, European Union, RBC Capital, FTC Solar Bank of America, FTC Solar, FTC Locations: Macquarie, Unity, UAE, Boston, Norway, Portillo's, Thursday's
Investors should bet on Fluence Energy as storage demand for renewable energy grows with robust interest from asset owners across the country and input costs for battery cells rapidly decline, according to Bank of America. The bank upgraded the stock to buy from neutral and raised its price target to $26 per share from $24, calling a "bright spot" in the renewable energy space. The analyst also sees the company's earnings growing 633% to 66 cents per share in 2025. Fluence Energy shares are down more than 35% over the past three months. FLNC YTD mountain FLNC in 2023
Persons: Julien Dumoulin, Smith, Fluence Organizations: Fluence Energy, Bank of America, Bank Locations: Tuesday's, Dumoulin, California, Texas, Maryland, New York, Illinois, Bank of America . California
Last quarter, Disney’s linear television revenue continued to slip, declining 7% compared to the same quarter last year. Disney World angstIt may not be all bad news for Disney, though. However, Disney World Resort in Florida has struggled with declining attendance in recent months. Over the summer, Disney World parkgoers experienced shorter-than-expected ride wait times and fewer crowds. Nearly one year ago, Iger unexpectedly came out of retirement to take over the role of Disney CEO once again after the board unexpectedly fired his successor, Bob Chapek.
Persons: Ron DeSantis, Bob Iger, Hugh Johnston, Christine McCarthy, Iger, ” Iger, I’ve, expansively, Indiana Jones, Reynaud Julien, Bank of America’s Jessica Reif Ehrlich, Ehrlich, Jason Bazinet, Disney, Disney isn’t, , Vijay Jayant, underperformance, Bob Chapek, Johnston Organizations: Los Angeles CNN, Disney, Republican, Gov, Warner Bros, CNN, Media, YouTube, ESPN, Wall Street, PepsiCo, ABC, Disney Channel, Geographic, , Destiny, Cannes Film, APS, Bank of America’s, Citigroup, Shanghai Disney Resort, Hong Kong Disneyland Locations: Florida, Refinitiv, Cannes, France, Canada, Hulu, Shanghai, Hong, Central Florida
Analysts at Bank of America unveiled a slew of stocks this week that they say are firing on all cylinders as earnings season wraps up. "SLB looks best positioned for strong earnings growth and multiple expansion with strengthening [free cash flow] in 2024-25," Pant wrote. SLB - buy rating "Current cycle is to SLB's advantages in technology & INTL. KLA Corporation - buy rating Resilient growth, best in class cash flow generation, reiterate Buy. Nextracker - buy rating Three earnings post IPO comes with three sequential beat & raise events & we believe there is room for several more.
Persons: Saurabh Pant, Pant, Julien Dumoulin, Smith, Nextracker, Vivek Arya, Arya, SLB Organizations: Bank of America, CNBC, General Dynamics, Ford, KLA Corporation, drillers, NXT, KLA Corp, Dynamics, Aero Locations: Nextracker, Pant
Bellingham, 20, has been in ominous form with Real after joining from Borussia Dortmund during the close season, scoring 13 goals from 13 competitive matches. "Really grateful to Dortmund for the opportunities they gave me over the years to be a leading player," Bellingham told Reuters after receiving the trophy at the Ballon d'Or ceremony. Bellingham now hopes to win the Champions League and Euro 2024 with England, who he hopes will finally claim a major trophy in modern times. "Definitely confident, definitely (England are) one of the favourites going into the (Euro 2024) tournament. "It’s important that we quit the talking and finally perform for our fans."
Persons: Jude Bellingham, Stephanie Lecocq, Bellingham, I’ve, Julien Pretot, Christian Radnedge Organizations: Soccer Football, Chatelet Theatre, Rights, Real Madrid, Real, Borussia Dortmund, Reuters, Champions League, Thomson Locations: Paris, France, England, Bellingham, Dortmund
The next time you’re googling how to correctly pronounce potable, cache, macabre or gnocchi, or gauging whether the U is silent in gauge, you can be assured of two things. You’re not the only one wary of butchering words. And waiting near the top of your search results will be Julien Miquel. Miquel, age 43, makes short YouTube videos that sound out English words, much like many other online instructors. But his work in the genre is distinguished by a curious feature: his conspicuously French accent.
Persons: You’re, Julien Miquel, Miquel
Grosso, a World Cup winner with Italy in 2006, sustained facial injuries during the incident, leaving league officials to deal with another episode of rioting fans. Some preliminary round Olympic matches will be played in Marseille, where violence erupted at the 1998 World Cup between England fans and French police. Marseille condemned the behaviour of their fans in a statement on Monday. Lyon condemned their fans' behaviour after some were seen making Nazi salutes at the Velodrome. "OL firmly condemns the unacceptable racist behaviour of individuals in the stands on Sunday," the club said in a statement.
Persons: Lyon, Fabio Grosso, Gerald Darmanin, Pablo Longoria, Marseille, Amelie Oudea, Castera, St Etienne, Julien Pretot, Sudip Kar, Tassilo Hummel, Michael Perry Organizations: Olympique de Marseille's Ligue, Olympique Lyonnais, Italy, Marseille's Stade Velodrome, French League, England, French, Olympique de Marseille, Stade Orange Velodrome, France, Stade Velodrome, Marseille, RC Lens, Lille, St, Thomson Locations: Grosso, Marseille's, Marseille, Nice, Montpellier, Angers
PARIS, Oct 30 (Reuters) - Winning the women's Ballon d'Or is a testimony to Spain's football culture, this year's winner Aitana Bonmati said after her triumph kept the trophy in the country for the third year in a row on Monday. Bonmati, a Champions League winner with Barcelona and World Cup winner with Spain, succeeds fellow Spaniard Alexia Putellas, who was also the 2021 winner. In recent years we have achieved a lot with our clubs and the national team," Bonmati told reporters. Being at the great gala of world football is unique and to be valued," the 25-year-old said. "I play for a big club and for the national team.
Persons: Aitana Bonmati, Alexia Putellas, Bonmati, you've, haven't, Julien Pretot Organizations: Champions League, Barcelona, we've, Thomson Locations: Spain
PARIS, Oct 28 (Reuters) - Argentina finished the Rugby World Cup the way they started it, with a defeat against England, who took the bronze medal and left the Pumas with a major task to get to that stage in the next edition of the competition. "Many boys made their debuts at this World Cup and did so in a spectacular way. Argentina have not determined who will be part of the next cycle, with several players yet to decide their future. "It was a very important game for the team, and I didn't think about personal situations. "When I arrived in 2022, it was clear we were going for two years, for the World Cup.
Persons: Julian Montoya, Tom Curry's, Montoya, Mateo Carreras, Lucio Cinti, Santiago Chocobares, Pedro Rubiolo, Juan Martin Gonzalez, Scrumhalf Tomas Cibelli, Felipe Contepomi, Cheika, Will, Felipe, Julien Pretot, William Mallard Organizations: Rugby, England, Pumas, rugby, Super Rugby, Super Rugby Pacific, Bulls, Sharks, Europe's, Argentine, Superliga Americana, Argentine Rugby Union, Thomson Locations: Argentina, Australia, New Zealand, Stormers
Dollar eyes weekly gain as US economy stays robust
  + stars: | 2023-10-27 | by ( Rae Wee | ) www.reuters.com   time to read: +4 min
U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. That added to bets the Federal Reserve is likely to keep monetary conditions restrictive for longer, driving the dollar broadly higher against a basket of currencies. The U.S. dollar index steadied at 106.57, having hit a three-week high of 106.89 in the previous session, and was on track for a weekly gain of about 0.4%. The European Central Bank (ECB) on Thursday left interest rates unchanged as expected, ending an unprecedented streak of 10 consecutive rate hikes. The yen last stood at 150.38 per dollar, languishing near the previous session's one-year trough of 150.78.
Persons: Dado Ruvic, Lint, PMIs, Julien Lafargue, Tony Sycamore, we've, we're, Rae Wee, Lincoln Organizations: REUTERS, Rights, Federal Reserve, U.S, European Central Bank, ECB, Barclays Private Bank, Analysts, IG, Treasury, Bank of Japan, Thomson Locations: Rights SINGAPORE, U.S, Asia, Gaza, Tokyo
Dollar eyes weekly gain as U.S. economy stays robust
  + stars: | 2023-10-27 | by ( ) www.cnbc.com   time to read: +3 min
The dollar was headed for a weekly gain on Friday, aided by solid U.S. growth figures that bolstered the case for higher-for-longer interest rates, while the yen hovered on the weaker side of 150 per dollar ahead of a key policy meeting next week. That added to bets the Federal Reserve is likely to keep monetary conditions restrictive for longer, driving the dollar broadly higher against a basket of currencies. The U.S. dollar index steadied at 106.57, having hit a three-week high of 106.89 in the previous session, and was on track for a weekly gain of about 0.4%. Sterling edged 0.07% higher to $1.21355, though was not too far from a three-week low of $1.2070 hit on Thursday. The European Central Bank, or ECB, on Thursday left interest rates unchanged as expected, ending an unprecedented streak of 10 consecutive rate hikes.
Persons: Lint, PMIs, Julien Lafargue, Tony Sycamore, we've, we're Organizations: Federal Reserve, U.S, European Central Bank, ECB, Barclays Private Bank, Analysts, IG, Treasury, Bank of Japan Locations: U.S, Asia, Gaza, Tokyo
Total: 25